Hints and tips:
...Citizens Financial, US Bancorp and Huntington Bancshares were among the other notable regional lenders reporting declines in profits for the third quarter, falling by 32 per cent, 16 per cent and 8 per cent...
...Once seen as the future of finance, the plans of companies such as Affirm, Dave Inc, MoneyLion and Upstart Holdings to take on established financial institutions are fizzling out....
...However, top executives at Capital One, Huntington Bancshares and Fifth Third Bancorp struck an optimistic tone at an industry conference last week....
...within sight of $50bn in assets, such as Associated Banc Corp of Green Bay, Wisconsin (which has $30bn of assets), Hancock Holding Company of Gulfport, Mississippi ($27bn), and Dallas-based Texas Capital Bancshares...
...BBVA also expanded through several large acquisitions in more traditional lenders, including the investment in Turkey’s Garanti and the purchase of Compass Bancshares in the US a decade ago....
...The dozen banks in the Dow Jones mid-cap US banks index are Signature, Comerica, Citizens, Regions, M&T, Silicon Valley Bank, CIT, Fifth Third, Huntington Bancshares, KeyCorp, First Republic and Zions....
...Citi ranked 16th by number of branches in the US with 756 at the end of June last year, according to data from the Federal Deposit Insurance Corporation, putting it in a peer group with Huntington Bancshares...
...The weakest performers in the “severely adverse” simulation were Huntington Bancshares, which is based in Ohio, and Montreal-based BMO Financial....
...Even if total losses over a nine-quarter period reached $385bn, the Fed found, banks from JPMorgan Chase to Huntington Bancshares of Ohio could keep trading with capital above the regulators’ minimum levels...
...Kevin Hester, chief lending officer at Home Bancshares, said the Arkansas-based lender had “embarked on an effort to enhance our risk management practices” in CRE....
...S&P lowered ratings on BOK Financial, Comerica, Cullen/Frost Bankers, and Texas Capital Bancshares — and holds a negative outlook on the banks to “reflect our concern that the downturn in oil and natural...
...Its summer swoop for National Penn Bancshares of Pennsylvania was its third in a year....
...In August, North Carolina-based BB&T bought Pennsylvania-based National Penn Bancshares for around $1.8bn....
...Shares of Susquehanna Bancshares advanced 33 per cent to $13.12 after BB&T, the regional US bank based in North Carolina, agreed to buy Susquehanna for $2.5bn in cash and stock....
...“This is where the matchmaking is,” says David Zalman, chief executive of Prosperity Bancshares, an acquisitive Texas-based bank that has more than doubled its assets to $21.2bn since the end of 2011....
...Cullen/Frost Bankers, with $23bn of assets and a market capitalisation of $4bn, plans to buy WNB Bancshares, a family-owned bank that operates in the central and western part of the state for $220m in cash...
...Huntington Bancshares also fell 6.2 per cent to $6.61 after missing expectations....
...Separately, Huntington Bancshares, a neighbour of PNC’s in Ohio, reported improved net income of $153.3m compared with $126.4m a year earlier....
...Regional bank Huntington Bancshares fell 4 per cent to $5.79 as its average return on assets fell slightly despite a surge in lending, as the low interest rate environment appeared to take a toll....
UK-listed youth clothing retailer overlooks basic business mechanics
...STEC Inc was up 5.7 per cent to $10.82....
...The deal would mark another large expansion for First Niagara, which last year merged with Connecticut-based NewAlliance Bancshares in a $1.5bn deal....
Valuations and investor hopes are high for fast-growing social media companies
Questions hang over banks’ ability to accurately and fairly price IPOs
...The US Treasury said on Wednesday that Huntington Bancshares, First Horizon National, Wintrust Financial, Susquehanna Bancshares and Heritage Financial each bought back all the government’s outstanding preferred...
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